It will replace both USB and micro USB with a single universal standard
Technology experts have been trying to make connections between machinery easier, and the USB Implementers Forum have taken their name very seriously because of that, inventing the USB Type-C interface.USB stands for Universal Serial Bus and is a technology supposed to allow all sorts of data transfers and energy replenishment for battery-based devices.
To some extent, it delivers on these implied promises. However, it has some limitations nevertheless, one of them being quite peculiar.
Basically, not all USB cables work with all USB ports and vice versa. Because in addition to the normal USB ports, there are micro USB ports as well.
USB-IF want to finally have a single USB tech, so they invented USB Type-C, which will eventually replace both.
Supporting USB 3.1 (10 Gbps instead of 5 Gbps bandwidth), it is reversible, which means that it is totally symmetrical (there is no right side up, so to speak).
The USB-IF has been working on USB type-C for months, but this is the first time a picture of the interface has been released. The launch won't come until July though, and there's no telling how soon makers of PCs and mobile devices will incorporate the ports in their inventions. It's also hard to say how quick normal USB ports will disappear from blueprints.